Piper Sandler Issues Pessimistic Forecast for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its price target cut by analysts at Piper Sandler from $135.00 to $120.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Piper Sandler's price target would indicate a potential upside of 29.24% from the stock's previous close.

A number of other research analysts have also recently issued reports on FRT. Mizuho decreased their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price objective for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Citigroup reissued a "neutral" rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Finally, Wells Fargo & Company dropped their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $114.27.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $92.85 on Friday. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The stock's 50 day moving average price is $94.26 and its two-hundred day moving average price is $103.86. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. The firm had revenue of $302.29 million for the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 EPS. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Hedge Funds Weigh In On Federal Realty Investment Trust

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock worth $1,459,947,000 after acquiring an additional 218,671 shares during the period. Norges Bank purchased a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $810,544,000. JPMorgan Chase & Co. increased its position in Federal Realty Investment Trust by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock valued at $561,743,000 after acquiring an additional 168,885 shares during the period. Resolution Capital Ltd lifted its stake in shares of Federal Realty Investment Trust by 12.4% in the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after purchasing an additional 389,266 shares during the period. Finally, Invesco Ltd. raised its stake in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares during the last quarter. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.

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